Wednesday, May 4, 2022

RBI hikes repo rate: Loan EMIs set to go up for borrowers, FD investors to benefit

With further possibilities in key policy rate hikes, here is what is likely to happen to FD rates now and what depositors should do. Further, we also tell you what loan borrowers should also expect.

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Yes Bank hikes MCLR on loans, EMIs to increase

Yes Bank has modified its marginal cost of funds-based lending interest rates (MCLR) on loans, which will take effect on May 2, 2022. The bank has boosted its MCLR by 10-15 basis points (bps) across all loan tenors, according to its website.

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How LIC policyholder can apply for IPO

Policyholders who have linked their PAN to their LIC policies and have demat in their name are eligible to invest in the IPO under the policyholder category. If you're a LIC policyholder, here's how to apply for the IPO.

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Tuesday, May 3, 2022

SBI Positive Pay System for cheque payments: How to cancel high-value cheque

The drawer confirms important details of the cheque to the bank, which are subsequently cross-checked against the deposited cheque during payment processing.

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ET Money Show: Should you prefer physical gold or digital gold?

ET Money Show | Gold sales in India reached almost 20 tonnes on 'Akshaya Tritiya'. Should you invest in physical gold or digital gold. Watch Saurabh Gadgil of PNG Jewellers as he explains the demand trends for this year

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Amid high inflation, where to invest now

Moderate inflation is considered good for the equity markets because rising prices mean higher company revenues and bigger profits. On the other hand, high inflation puts pressure on your wallet and harms your investments. Experts say investors need to reposition their investment portfolios accordingly, with wholesale inflation at 14.55% and consumer inflation rising to 6.95%. ET Wealth's Babar Zaidi explains. Watch

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Monday, May 2, 2022

Akshaya Tritiya 2022: Gold plunges Rs 745 to Rs 50,936 per 10 grams; silver tumbles Rs 1,228 per kg

Gold in the national capital on Monday plunged Rs 745 to Rs 50,936 per 10 grams in line with the fall in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 51,681 per 10 grams.

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Akshaya Tritiya 2022: What you need to know about buying gold today

As per Hindu mythology, it is considered auspicious to buy gold on Akshay Tritiya. In 2022, this auspicious day falls on May 3 i.e., today. An individual can buy gold either in the physical form (jewellery, coins, bars) or in the paper form (Gold ETFs, Gold mutual funds, SGBs, Digital gold). If you are planning to buy gold today, here's all you need to keep in mind.

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6 unique financial gifts that can make a difference in your mother’s life

For Mother’s Day, book a full body medical check-up for your mom. A thorough check-up will detect if something is amiss, and could nip the problem in the bud. What’s more, up to Rs.5,000 spent on preventive health check-ups can be claimed as a deduction under Section 80D.

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Sunday, May 1, 2022

Macrotech Dev is on the growth path: Why it is this week's stock pick

The current demand environment is helping Macrotech, that has built the roadmap for mitigating the risk of higher mortgage rates. Thanks to market share consolidation, the company can also pass on increased construction costs. All these factors have made Macrotech a favourite of analysts.

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FD, debt mutual funds cannot cope with high inflation, will destroy savings. The solution lies elsewhere

You need equity in your investment portfolio. For beginners it generally means investing in equity-based mutual funds. This may sound like a dogmatic statement, but it’s actually a realistic one.

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What is the cost of diagnosis, treatment for pulmonary diseases

Any disease that affects lungs and parts of the respiratory system is known as pulmonary disease. Brought into the limelight by Covid, also a respiratory disorder, these diseases are mostly caused by bacterial, viral or fungal infections, smoking tobacco, environmental factors like pollution, and occupational hazards like fumes, dust and chemicals.

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BOI AXA Tax Advantage mutual fund review: Good performance over years

This fund takes a differentiated approach compared to most peers, taking sizeable exposure to mid-caps. The fund runs a highly diversified portfolio yet retains large positions in its top bets.

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